The range of 21 and 27s prices has been pretty much the same up or down 100 bucks for years. The value of the iMac hasn't changed. This new penny pinch model is targeted at people who could care less about the specs. In a sense, they deserve it if they buy it and most of these buyers will never notice the performance either. They don't see 1.4ghz and think. It's a pretty New iMac, so that's enough. It has the mic and speakers, the OS. What's not to love
Anyone stunned that Apple would act like some sleazy shyster and sell an outdated product is asleep. The old crowd that bought many a tower through the X000 to G series knew the first thing to do was gut the cheap internals and replace with performance HD's & Opticals. Over the years, those options have been systematically closed and the money for performance redirected back to Apple.
When these 1.4ghz clunkers finally hit the used market, watch the very savvy auction buyers drive the price way down to where it should be. Likely 600-650 at 1 year old. About where it should be if the retail was 899.00
It's very hard to cheat the used/auction market IMO.
I like your point about the used market. I could probably get at least $750 for my iMac if I sold it right now. I've seen some go for nearly $1000, especially with RAM upgrades.